The Federal Reserve Board on Thursday announced its approval of the application by The PNC Financial Services Group, Inc., of Pittsburgh, Pennsylvania, to acquire FirstBank Holding Company, and thereby indirectly acquire FirstBank, both of Lakewood, Colorado. For media inquiries, please email [email protected] or call 202-452-2955. ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as we ...

Key insight: Major banks such as PNC are embedding direct bitcoin trading into client platforms starting with private banking. Expert quote: Deloitte's Roy Ben-Hur: "Digital assets are moving from the periphery of finance into the mainstream." Forward look: Expect broader rollouts of crypto trading in banks and additional regulatory guidance in the future.Source: Bullet points generated by AI with editorial review PNC Bank and Coinbase have launched direct access to spot bitcoin trading for eligible ...

Key Takeaways PNC launches direct spot bitcoin trading for eligible PNC Private Bank clients.The service uses Coinbase's CaaS infrastructure to enable integrated trading and custody.The rollout marks phase one of PNC's broader digital-asset initiative with Coinbase.In a landmark move for the banking and crypto industries, PNC Bank, a subsidiary of The PNC Financial Services Group, Inc. (PNC) , has become the first major U.S. bank to enable direct Bitcoin trading for its clients. The bank has introduced dire ...

By Pete Schroeder WASHINGTON, Dec 10 (Reuters) - The nine largest U.S. banks in the past had placed restrictions on providing financial services to some controversial industries in a practice commonly described as "debanking," the regulator overseeing large national banks said in a report released on ​Wednesday. The Office of the Comptroller of the Currency began its review after President Donald Trump signed an executive order in August directing ‌a regulatory review of all banks for any current or pas ...

Joining us here at Post 9 this morning is PNC Asset Management Chief Investment Strategist Young Yuma. Welcome back. It's good to see you.>> Thanks, Col. Great to be here. >> Um, we've been talking about how built in the consensus view is about this afternoon.Any reason to think there might be surprises. >> Well, the consensus view on a hawkish cut is pretty well established, but it's interesting sometimes when you get actually the result of the consensus. So, if the Fed delivers that hawkish cut, sometimes ...

PNC Bank is becoming the first major U.S. bank to embed spot bitcoin access directly inside its digital banking platform through a partnership with Coinbase. The new integration allows private banking clients to trade bitcoin without the hassle of opening separate crypto exchange accounts. Is this the tipping point for crypto in traditional banking? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." ...

Question-and-Answer SessionA lot to talk about, but let's just start off with your view of the macroeconomic backdrop. So a couple of things. The first is, what have you seen in the fourth quarter from a spending standpoint? Has anything changed? And then how are you thinking about the economic trajectory next year, both from a growth, but also from an interest rate perspective, just given the fact that we will have a new head of the Fed next year.William DemchakChairman & CEO So economy today still feels s ...

Summary of PNC Financial Services Group Conference Call Company Overview - **Company**: PNC Financial Services Group (NYSE: PNC) - **Date**: December 09, 2025 Key Points Macroeconomic Outlook - The economy remains strong with consumer spending increasing and average consumer balances rising across all cohorts [3][5] - GDP growth is expected to be around 2% for the next year, with potential rate cuts anticipated towards the end of the year [3][4] Consumer Behavior - No significant distress observed in consumer spending, even among lower-income cohorts [5] - Spending categories have shifted, but overall spending is up [5] Financial Performance - Net interest income (NII) guidance remains positive, with expectations of over $1 billion growth next year [24][26] - Capital markets have shown recovery, leading to better-than-expected fee income [7][8] Strategic Priorities - PNC plans to build 300 new branches, a significant increase in branch expansion efforts [10][39] - Investments in technology include a complete refresh of data centers and transitioning to microservices for better adaptability [10][11] Loan Growth - C&I loans have grown by approximately 4% over the last couple of years, while real estate loans have decreased by 14% [13][14] - Positive inflection in commercial real estate loan growth is expected next year [12] Regulatory Environment - Recent changes in OCC guidance on leveraged lending may allow PNC to expand its lending capabilities [16][18] - The company is positioned to take advantage of smart lending opportunities that were previously restricted [16][17] Deposit Growth - Commercial deposits saw a significant increase in Q3, driven by competitive on-balance sheet rates [22] - Retail deposits are performing well, with no significant pressure observed [22][23] Capital Management - PNC is targeting a capital ratio of 10%, with plans for aggressive share repurchases [45][51] - The integration of First Bank is expected to be EPS neutral initially, with a positive impact on earnings thereafter [26][57] Efficiency Improvements - The company has reduced operational roles significantly through automation, with AI expected to further enhance efficiency [29][30] - Continuous investment in technology is seen as essential for maintaining competitiveness in a consolidating industry [34][35] Market Position and Growth Initiatives - PNC aims to achieve a 7% market share in key markets, which is believed to lead to disproportionate deposits per branch [38][39] - The focus remains on organic growth rather than pursuing large acquisitions, as the current market does not present attractive opportunities [62][63] Investment Case - The market is perceived to be overly focused on potential mergers and acquisitions rather than the intrinsic growth of PNC [67][68] - PNC's financial metrics are strong compared to peers, indicating a solid investment case despite market skepticism [67][68] Additional Insights - The company emphasizes the importance of maintaining a long-term growth strategy rather than short-term gains through acquisitions [35][58] - PNC's approach to capital deployment prioritizes organic growth opportunities over opportunistic acquisitions [51][52]

US banking giant PNC Bank has launched direct Bitcoin trading for qualified institutional clients, making it the first major US-based banking firm to do so. PNC Bank is the ninth-largest US bank by assets as of Q3, 2025. The firm has partnered with Coinbase, the second largest cryptocurrency exchange by volume, to launch its direct trading services. According to a Nov. 9 press release, approved PNC Private Bank clients can now buy, sell, and hold Bitcoin directly through their accounts on PNC’s digital b ...